8085 Highway 51 - Island City Lanes & Lounge 15,624 SF Sports & Entertainment Building Offered at $1,449,000 in Minocqua, WI 54548
INVESTMENT HIGHLIGHTS
- Steady seasonal tourists
- 16x24 storage garage
- Large Sports Bar
EXECUTIVE SUMMARY
Island City Lanes & Lounge, Minocqua, WI - Well-established bowling center with lounge and restaurant. Located on Hwy 51 with terrific local following, steady seasonal tourist traffic and 8 bowling leagues. There are 12 synthetic lanes, a large sports bar area great for Packer and Badger games as well as Nascar races. And a game room for the kids! A large parking lot. Excellent business with great financials. Fiber optic internet, 16 x 24 storage garage, city sewer & water, natural gas. A large Island City Lanes Smart Sign on Highway 51.
TAXES & OPERATING EXPENSES (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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PROPERTY FACTS
| Price | $1,449,000 |
| Price Per SF | $92.74 |
| Sale Type | Owner User |
| Sale Condition | Business Value Included |
| Property Type | Sports & Entertainment |
| Lot Size | 1.65 AC |
| Building Size | 15,624 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Zoning | Commercial - Commercial |
AMENITIES
- Air Conditioning
ABOUT 8085 HIGHWAY 51 , MINOCQUA, WI 54548
Island City Lanes & Lounge, Minocqua, WI - Well established bowling center with lounge and restaurant. Located on Hwy 51 with terrific local following, steady seasonal tourist traffic and 8 bowling leagues. There are 12 synthetic lanes, a large sports bar area great for Packer and Badger games as well as Nascar races. And a game room for the kids! A large parking lot. Excellent business with great financials. Fiber optic internet, 16 x 24 storage garage, city sewer & water, natural gas. A large Island City Lanes Smart Sign on Highway 51.
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PROPERTY TAXES
| Parcel Number | 01601-2329-0005 | Improvements Assessment | $370,100 (2024) |
| Land Assessment | $122,200 (2024) | Total Assessment | $492,300 (2024) |
CONTACT
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Diane Misina -
Eliason Realty of the North, LLC
